Clearing the debt
Enough to pay the mortgage out entirely, so nobody is forced to sell the family home.
What happens to the mortgage if you are not here
LIFE
What happens to the mortgage if you are not here.
Life cover is the least complicated promise in the book: if you die, an agreed sum is paid to the people you nominate. Used well it retires the lending, replaces the income a household was counting on, and buys the time to make decisions calmly rather than under pressure.
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What’s covered
The four that carry the weight
Replacing income
A multiple of earnings that keeps the household running for years, not months.
Immediate costs
Funeral expenses, legal fees and the bills that arrive regardless of timing.
Who receives it
Nominations, ownership and trusts arranged so the money lands where you intended.
How it works
How cover gets arranged
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01
Notification
A phone call is enough to start. We take it from there, so the family is not filling in forms in the worst week of their lives.
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02
Documentation
The certificate and the policy details assembled and submitted on your behalf.
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03
Assessment
The insurer verifies the claim. Straightforward claims on established policies move quickly.
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04
Payment
Funds paid to the people you nominated, usually within weeks rather than months.
How a life claim is paid
- The debt you would want cleared outright
- How many years of income a family would need
- Dependants, and how long they will be dependent
- Cover you already hold, including through work
- Who should own the policy and who receives it
Nobody buys life cover for themselves. The only question it answers is whether the people left behind get to keep the house.
Questions we get asked
Life Cover, answered
A common starting point is the mortgage plus five to ten years of income. We would rather size it against your actual commitments than a rule of thumb.
It is a useful base, but it usually ends when the job does and rarely covers the mortgage outright. Worth counting, not worth relying on.
Frequently not. They may be excluded or loaded, and different insurers take very different views of the same history.
With stepped premiums, yes, as you age. Level premiums cost more at the outset and less over time. Which one wins depends on how long you keep it.
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